Tether frozen approximately $131 million of the four encrypted wallets associated with the Central Bank of Iran on the sanctions list. The address is on the Tron chain, where the data company claims that the amount of stable currency that the wallets cumulatively received exceeded $165 million.

Freeze for an identified address

Following this processing, the frozen tokens at the relevant address are still visible on the chain but cannot be transferred or redeemed. Reports indicate that some of the funds were transferred prior to the freeze and therefore the amount actually frozen was lower than the historical total of the addresses received.

The Wallet address published this time by the Office of Overseas Assets Control (OFAC) of the United States Department of the Treasury provides a clearer screening target for exchange, hosting and compliance services. At the same time, OFAC indicated that the public list was not complete and that other wallets controlled by related subjects could also be considered restricted property.

Cumulative freeze of approximately $475 million

This is a further expansion on the basis of established sanctions and is not the first time that measures have been taken against the Central Bank of Iran. According to reports, the Central Bank of Iran has been subject to the embargo by the United States under its counter-terrorism mandate since 2019.

  • Number of new sanctions wallets: 4
  • This freezing USDT amount: about $131 million
  • Cumulative freeze of two operations: approximately $475 million

In April of this year, Tether frozen some $344 million USDT associated with the Iranian Central Bank. Together with this processing, the cumulative amount of the relevant USDT frozen was approximately $475 million.

It's going to stabilize the money.

Chainalysis states that these four addresses received funds from an institutional liquidity provider and an Asian payer. Another chain analysis agency, Elliptic, stated that the USDT accumulated by the Central Bank of Iran amounted to at least US$ 507 million and used it in support of the riyals.

The operation took place after the United States had previously sanctioned Iran's trading platform. The report mentions that in June, OFAC imposed sanctions on Nobitex and other Iranian exchanges on the grounds that these platforms were designed to assist the Central Bank of Iran in completing the transition between the stable currencies.